Russian Deputy Prime Minister Alexander Novak said that the Russian side and Saudi Arabia do not have any disagreements over the OPEC+ agreement. It has been reported TASS.
“No, there were no conflicts. We always find a common solution, in recent years our agreement works for the interests of the market, the countries participating in the agreement, and not only the interests of exporters, but also manufacturers,” said the deputy prime minister.
Former Deputy Prime Minister of Russia reached He went to Vienna to attend the OPEC+ ministerial meeting. The alliance ministers meeting was held in person in Vienna on 4 June for the first time since October 2022. According to a TASS source, OPEC+ participants evaluated various options for oil production. There was also talk of reducing fuel production.
As is known, the OPEC + alliance acceptance this will reduce the overall oil production level in 2024 to 40.46 million barrels per day. At the same time, Russia needs to reduce its production level to 9.928 million barrels per day. As Novak announced, Russia will extend the cut in oil production by another 500 thousand barrels per day until the end of December 2024.
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